Sunday, July 28, 2019

Industry Sectors in Khulna Area | Investments is Increasing


After the starting of development process of the Mongla port infrastructures, Khulna - Mongla railway, and the ongoing construction of the Padma Bridge, investor’s interests to invest in the southern region Khulna is increasing day by day. Foreign ambassadors, local and international Investors are coming here to see the location. Already in this region, Investment-friendly environment is being created, lots of industries have already started functioning.

Local and foreign entrepreneurs also expressed their interest to use Mongla port for the procurement of various commercial products and commodities, as well as showing interest for the development of investment and infrastructures in the area.

In the last few years, many heavy and light industries have been established on Rupsa industrial zone in Khulna, Bagerhat, Jessore and on both sides of Khulna-Mongla highway. Besides, economic zones are being built in Khulna's Batiaghata and Terokhoda. Once, in these regions where old-fashioned hardboard, Newsprint mills and Jute mills were established, but now Ship Building Yards, Frozen Foods, Cement Factories, Automobile Repairing industries, Poultry Feeds etc such types industries are growing.

  • In the previous 4-5 months, more than 1,000 Crore Taka has been invested in the private industry sector of Khulna region.
  • Foreign investment in the 2018-19 fiscal year was about 330 crore which is almost double than the previous year.
  • Shipbuilding yards, cement factories, frozen foods, paper board mills and natural gas bottling companies are the top investment category in the private investment.
  • In the last fiscal year, the highest investment in the shipbuilding industry at Khulna Shipyard was 1,028 Crore Taka which is really a great achievement.
  • China has invested about 25 crore taka in the factory where Gray Board Paper and White Board recycled from waste paper in Batiaghata, Khulnae.

The modernization of the Mongla port, various infrastructure developments, introduction of Khulna airports and promotion and training for the entrepreneur’s development will attract lots of private investment. Among these, the development of Mongla Port Infrastructure by China and construction work of Khulna-Mongla railway line by India in ongoing.


The Nepal's Ambassador in Bangladesh recently visited the Mongla Port and said that they will start transporting their own products using this port soon. Last year, a Nepalese company brought 25,350 MT fertilizers by Mongla Port from China as an experimental basis. The Ambassador said that Nepal wants to utilize the railway communication facilities for import and export of goods from Bangladesh. They are also eager to use the river and roadways of the country along with the Mongla port.

In April 2019 during the visit of the Bhutanese Prime Minister in Bangladesh, the country showed interest in using Mongla Port. Bhutan also showed interests of introducing three more land ports at the border area.

Business persons of Khulna Chamber of Commerce and Industry said that all the potentials for investment in the southern part of the region around the Mongla Port were created. After construction of Padma Bridge, Khulna Airport and Khulna-Mongla railway line, communication system will be easier and time consuming.




Expansion of business and trade in Khulna region will create huge number of employment opportunities. Some people have referred the Khulna area as a Growth Center for the investment possibilities. Due to development of the communication system, the Investors are getting prepared for the establishment of industrial sector.

In the near future the investments in this area will also stimulate the whole economy of the country. BIDA said that due to the investment-friendly environment, new industries are being developed in the southern region of Bangladesh.

Interests among Local and Foreign investors are growing in investing in the area. China, India, Nepal and some other countries have already expressed their interest to invest in infrastructure development and industrial sectors in this region.

Thanks,


Related:

No comments:

Post a Comment